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Gulf of Oman: Dryad Maritime publishes vessel incident update and analysis

Attacks on tankers deepen tensions between Iran and the US, which have gradually escalated in 2019.

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UK-based specialist maritime operations company Dryad Maritime on Thursday (13 June) released an incident update and analysis report focusing on the recent attack of a crude oil tanker and a chemical tanker at the Gulf of Oman:

Reports indicate that two vessels transiting the Strait of Hormuz in South Easterly course were attacked, in an incident which is still being investigated. The two vessels involved have been identified as the crude oil tanker Front Altair and the chemical tanker Kokuka Courageous. Front Altair is Marshall Islands flagged, and Kokua Courageous Panama-flagged. The Front Altair is believed to be carrying 75,000 tons of Naptha originating from Abu Dhabi’s ANDOC. The Kokuka Courageous is believed to be carrying methanol, originating from Saudi’s Sabic and also Qatar. Front Altair’s speed is reported to have dropped from 12 kts at 0205 UTC, to 2.7 kts at 0321 local time, indicating the time of incident. Reporting indicates that a distress signal was reportedly sent by the vessel Hyundai Dubai at 0612UTC on behalf of the Front Altair. Kokua Courageous’ speed is reported to have dropped from 14 kts at 0133 UTC, to 0.2 kts at 0620 UTC with a distress signal being received at 0700 UTC. Front Altair’s position when it lost speed significantly was at N 25° 26’ 27.13, E 057° 23’ 18.42, at 0248 UTC.

Front Altair was believed to be fully laden when the attack took place, resulting in a large fire and the crew being forced to abandon ship. Reports indicate that the cargoship Hyundai Dubai aided in the rescue effort.

Reporting suggests that 21 members of crew have been evacuated from Kokua Courageous, and the crew are believed to have reported that its cargo of methanol is intact. Additional but unconfirmed reports have been received by Dryad sources indicating that IRGC vessels were the first vessels on scene to offer assistance. It is believed that this assistance was refused by the crew of the Front Altair, however unconfirmed reporting indicates that the crew of the Kokuka Couragous may have been taken to the Iranian Port of Bandar-e-Jask.

Both vessels appear to have indicated that they believe the attack originated from the surface, however further reports from the Front Altair indicate that the hull was breached on the starboard side partially below the waterline.

The incident was initially primarily reported by the UK Maritime Trade Operations (UKMTO) and the US 5th Fleet, which is believed to be in attendance at the scene.

Front Altair’s current position as reported by AIS is N 25° 22’ 59.21, E 057° 23’ 53.65, at 0945 UTC. Kokua Courageous’ current position is reported to be 50 km East of Front Altair.

Iranian media reports have claimed that Front Altair has sunk, however Frontline which operates the vessels has denied that this is the case at 0957 UTC.

Context

This latest incident has occurred one month and a day from the previous incidents where four vessels were targeted within the Fujairah anchorage. The latest incident has caused a steep price rise in oil, and Brent Crude has rose 3.85%, standing at $62.28 USD as at 1153 UTC.

Assessment

Incidents of this nature in relative close proximity are extremely worrying, and are indicative of rising tensions in the region. On a broader regional scale, the attack will serve to deepen tensions between Iran and the US, which have gradually escalated throughout 2019.

It is a realistic possibility that Iran or a proxy were behind this attack, however the situation remains fluid and there are a number of competing naratives that require examining. It is important to note that the attack on the Front Altair is reported to have struck the starboard side of the vessel, which was travelling in a southerly direction. Any Iranian involvement either directly or via a proxy is unlikely to have conducted an attack from the port side, as this would immediately give rise to allegations of Iranian shore launch projectiles would require Iran to refute blast diagnostic evidence from the outset. Thus far the methodology of a starboard side attack is consistent with what would be expected of Iranian involvement. The reported involvement of Iranian vessels in the rescue effort may also be an attempt to obscure intent in the aftermath of the attack however this cannot be confirmed.

However, any assessment of Iranian involvement must be contextualised, and must be analysed through the prism of self-interest and motive. States such as Iran are rational actors, and will not conduct attacks in the Strait of Hormuz merely to ‘disrupt’ global shipping, without there being a clear national interest in doing so. At a time where the Iranian economy is struggling and sanctions are biting, it seems surprising that Iran would endeavour to conduct such a bellicose strategy. It would also be remarkable that Iran would knowingly target vessels reported to be carrying ‘Japan-related cargo’ at the same time that the Japanese Prime Minister Abe is conducting talks in Iran. These inconsistencies in terms of interest and motive do not rule out Iranian involvement, but they do suggest that a wider regional narrative may be at play, and that the responsible party could in fact not be Iranian once a further investigation is completed. It is important to note that despite recent events pointing to Iranian involvement, no key lines of evidence indicating responsibility or intent have been identified. Whilst the security threat which the incident poses can be quantified and responded to, the underlying details are still emerging, and will continue to be assessed by Dryad.

In the short term, the threat to vessels in the Strait of Hormuz has undoubtedly risen, however this is still a localised event, and is likely not to be part of a pattern of events which will develop in the next 72 hours. Dryad deems that the threat from this event does not span into the wider Gulf of Oman, and vessels transiting through the Gulf are deemed to be safe. Vessels are advised to follow BMP5 best practice, and request routinely updated security briefings, when transiting the Strait of Hormuz.

Source: Dryad Maritime
Published: 14 June, 2019

 

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Legal

Singapore withdraws remaining 127 charges against Hin Leong founder OK Lim

Lim Oon Kuin, also known as OK Lim, was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges on 17 July.

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Founder of collapsed oil trader Hin Leong Trading, Lim Oon Kuin, also known as OK Lim, has had the remaining 127 charges against him withdrawn, according to The Straits Times on Monday (20 July). 

OK Lim was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges, including those for cheating, on 17 July. The discharge means Lim cannot be prosecuted again for the same offences.

Lim, 84, is currently serving a 13½-year prison sentence after the High Court reduced his original 17½-year jail term in March 2026. He was convicted in 2024 on two cheating charges and one count of abetting forgery in a case prosecutors described as one of Singapore’s most serious trade finance frauds.

Lim was convicted in May 2024 of two charges of cheating the Hongkong and Shanghai Banking Corporation (HSBC) and one count of abetting forgery that proceeded to trial out of a total of 130 criminal charges.

He was first charged in court on 14 August 2020, and was subsequently handed further charges in court on 25 September 2020, 30 April 2021 and 24 June 2021 for his role in perpetuating fraud on various financial institutions. 

A total of 130 charges were eventually brought against him for cheating and forgery-related offences.

Related: Singapore: Hin Leong Founder OK Lim gets jail term slashed to 13.5 years

 

Photo credit: Sora Shimazaki
Published: 21 July, 2026

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Winding up

Singapore: Coastal Logistics Pte Ltd to be wound up voluntarily

Coastal Logistics was reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd.

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RESIZED Drew Beamer

Several resolutions for Coastal Logistics Pte Ltd were made during an extraordinary general meeting held on 14 July, according to a notice in the Government Gazette on Friday (4 July).

The following resolutions were duly passed during the meeting:

As Special Resolution

  • That it has been proved to the satisfaction of the meeting that the Company cannot by reason of its liabilities continue its business and accordingly the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018);

As Ordinary Resolutions

  • that Mr. Wong Pheng Cheong Martin and Ms. Koay May Yee, both care of FTI Consulting (Singapore) Pte Ltd, One Raffles Quay, #27-10 South Tower, Singapore 048583 be appointed as the joint and several Liquidators of the Company for the purpose of such winding up; and
  • that the Liquidators be at liberty to open, maintain and operate any bank account(s) or account(s) for monies received by them as Liquidators with such bank(s) as they deem fit; and
  • that a Committee of Inspection will not be formed.

Manifold Times previously reported Nicholas James Gronow, director of Heng Tong Fuels & Shipping and Coastal Logistics, filed statutory declarations for both companies stating the firms cannot continue their businesses due to liabilities.

Both companies were reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd. 

In 2019, several vessels owned by both firms entered the sale & purchase (S&P) market in Singapore.

Related: Singapore: Director declares Heng Tong Fuels & Shipping’s inability to continue business
Related: Heng Tong Fuels & Shipping in court over DBS Bank bunker tanker loan
Related: Singapore: Bunker tanker “Coastal Neptune” arrested
Related: Heng Tong Fuels & Shipping, Coastal Logistics tankers enter S&P market

 

Photo credit: Drew Beamer
Published: 21 July, 2026

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LNG Bunkering

PIL’s LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on LNG and low-sulphur fuel oil that helps reduce our greenhouse gas emissions.

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PIL's LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

Singapore-based Pacific International Lines Pte Ltd on Monday (20 July) said its first 13,000 TEU LNG dual-fuel container vessel, Kota Elok, recently made her maiden call to Singapore on 15 July.

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on liquefied natural gas (LNG) and low-sulphur fuel oil that helps reduce our greenhouse gas emissions. 

The vessel also incorporated energy-saving features and digital technologies to reduce fuel consumption and enhance operational performance, as well as a bow windshield to improve aerodynamics, contributing to improved fuel efficiency and lower emissions over the course of long-haul voyages.

“Following Singapore, Kota Elok will continue her voyage on our East Coast Service 1 (ES1) route to South America, calling at ports in Brazil, Uruguay, and Argentina before returning to Asia,” the company said in a social media post. 

Kota Elok also became PIL’s first vessel to receive Lloyd’s Register certification for compliance with the IACS UR E26 and UR E27 cyber security requirements.

Developed by the International Association of Classification Societies (IACS), UR E26 and UR E27 are mandatory cyber resilience requirements for newbuild vessels contracted from 1 July 2024. 

 

Photo credit: Pacific International Lines
Published: 21 July, 2026

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